8/17/2021 Watchlist Charts
$AAPL – The stock traded up 1.35% during market hours and was up 0.37% after hours. APL and MSFT were showing incredible strength and were the two leading FAANG stocks that pretty much pulled QQQ back up. Their backs must be hurting from the carry. On the daily timeframe, AAPL finally broke above the 150 level resistance (been rejected twice), and close near high of the day. It closed a strong bullish pin bar with daily MACD close to crossing green. This looks a start of another leg higher. Keep an eye on the 151 level, if AAPL can hold above this level or back test this level, it can test 155 to 158 level resistance. We will consider pus i APL fails to hold above the 150 level, as it can pullback down to 148 to 145 level support.
Contract Suggestion:
Above 151 level: 152.5C 08/20 (239.4K Volume @0.87) or 155C08/27 (43.9K Volume @0.98)
Below 150 level: 150P 08/20 (60.7K Volume @0.97)
$AMZN – The stock traded up 0.15% during market hours but was down 0.11% after hours. After reporting earnings, AMZN gapped down and has continued to trend lower since last week until Monday (08/16). We saw a possible bounce on AMZN after it closed bullish pin bar over the 200DMA (3274.11) on the daily timeframe. If we see a large bounce or strong daily candle formed it can gives us a better confirmation of a bounce for AMZN in the short term at least. Keep an eye on the 3300 level if AMZN can break above with volume, it can test 3336 (9MA) to 3344 level resistance. Above 3344 level, it can test 367 to 3373 [14 DMA level resistance. We will consider puts if AMZN fails to hold above the 3274 (200DMA), as it can pullback down to 3250 (Monday’s VWA), down to 3242 level support.
Contract Suggestion:
Above 3300 level: 3350C 08/20 (6.4K Volume @10.95) or 3360C 08/20 (1.2K Volume @9.20)
Below 3274 level: 3200P 08/20 (10.4K Volume @4.40)
$V – The stock traded up 1.16% during market hours but was down 0.07% after hours. On the daily timeframe, V started to show some signs of a bounce ever since the large sell off since the beginning of August 2021.Itwas trying to consolidate and form a support around the 232 level which was the previous break out level resistance in the past. V showed relative strength as it continued to move higher since the morning dip and closed at near high of the day. It closed a strong bullish pin bar over the 232 level now turned support. If we continue to see money rotate into financial tech, V is setting up to 240 test. Keep an eye on the 237 level (9DMA) as it can test 23 (50DMA) to 241 level resistance. We will consider puts if V fails to hold above the 234 level, as it can pullback down to 323 to 230 level support.
Contract Suggestion:
Above 237 level: 237.5C 08/20 (1.8K Volume @1.06) or 240C 08/27 (2.7K Volume @1.39)
Below 234 level: 230P 08/20 (2.8K Volume @0.48)
$FB – The stock traded up 0.93% during market hours and was up 0.02% after hours. FB was playing some Jedi mind tricks at open as it showed strength at open but sold off quickly after filing to break above the 366 level which validates it as a resistance. It continued to show weakness towards the first few hours of the market but quickly rallied back to break the 366 level and close near high of the day. It closed a strong bullish pin bar on the daily timeframe with daily MACD close to crossing above green. We also see the daily moving averages culling up with RSI hovering above 60 giving us a strong bullish sentiment. Keep an eye on the 367 level, if FB can break above with volume, it can test 370 to 377 level resistance. We will consider puts if FB fails to hold above the 36 level, as it can pullback down to 362 level to 359 level support.
Contract Suggestion:
Above 367 level: 370C 08/20 (29.2K Volume (@2.07) or 375C 08/27 (2.6K Volume @2.39)
Below 366 level: 360P 08/20 (7.9K Volume @1.32)
**NEWSTO LOOK OUT FOR THIS WEEK**
- FOMC minutes on Wednesday (08/18) at 11am PST/2pm EST
- Unemployment Jobs Data on Thursday (08/19) @ 5:30am PST/8:30am EST OPEX on Friday (08/20)